Tailored Compliance and Tax Planning for Your Practice.
For physicians, attorneys, and advisors, your biggest expense is your tax liability. As a high-earner, your strategy must account for phase-outs that generalist CPAs often miss.
If your practice is a "Specified Service" and income is too high, your 20% deduction can vanish. Retirement contributions can pull you back under the threshold.
Most states now allow a PTET election, letting you bypass the $10,000 personal deduction limit on state taxes.
High-earners over 70½ can donate up to $111,000 directly from their IRA to charity to satisfy their RMD tax-free.
A Solo 401(k) often allows for higher contributions at lower income levels and includes a Roth option.
These allow high-net-worth practitioners to move appreciation out of their estate while paying the income tax personally.
Yes, 100% of professional development and related travel is deductible.